Me Today (NZSE:MEE) Beneish M-Score: -3.48 (As of Jun. 25, 2026)


What is Me Today Beneish M-Score?

Me Today NZSE:MEE Beneish M-Score is -3.48 as of Jun. 25, 2026. The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Me Today ranks better than 93.19% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -3.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Me Today's Beneish M-Score or its related term are showing as below:

NZSE:MEE' s Beneish M-Score Range Over the Past 10 Years
Min: -5.36   Med: -3.48   Max: -3.06
Current: -3.48

During the past 13 years, the highest Beneish M-Score of Me Today was -3.06. The lowest was -5.36. And the median was -3.48.

Me Today Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Me Today for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.6591+0.528 * 1+0.404 * 1.0467+0.892 * 1.5466+0.115 * 1.0249
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7795+4.679 * -0.334145-0.327 * 0.0036
=-3.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was NZ$1.79 Mil.
Revenue was NZ$6.70 Mil.
Gross Profit was NZ$6.70 Mil.
Total Current Assets was NZ$0.00 Mil.
Total Assets was NZ$15.20 Mil.
Property, Plant and Equipment(Net PPE) was NZ$0.74 Mil.
Depreciation, Depletion and Amortization(DDA) was NZ$0.50 Mil.
Selling, General, & Admin. Expense(SGA) was NZ$12.72 Mil.
Total Current Liabilities was NZ$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$0.04 Mil.
Net Income was NZ$-6.02 Mil.
Gross Profit was NZ$0.00 Mil.
Cash Flow from Operations was NZ$-0.94 Mil.
 Total Receivables was NZ$1.76 Mil.
Revenue was NZ$4.33 Mil.
Gross Profit was NZ$4.33 Mil.
Total Current Assets was NZ$0.00 Mil.
Total Assets was NZ$21.46 Mil.
Property, Plant and Equipment(Net PPE) was NZ$1.95 Mil.
Depreciation, Depletion and Amortization(DDA) was NZ$1.38 Mil.
Selling, General, & Admin. Expense(SGA) was NZ$10.55 Mil.
Total Current Liabilities was NZ$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$14.47 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(1.794 / 6.703) / (1.76 / 4.334)
=0.267641 / 0.406091
=0.6591

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(4.334 / 4.334) / (6.703 / 6.703)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 0.737) / 15.2) / (1 - (0 + 1.951) / 21.462)
=0.951513 / 0.909095
=1.0467

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=6.703 / 4.334
=1.5466

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(1.377 / (1.377 + 1.951)) / (0.499 / (0.499 + 0.737))
=0.413762 / 0.403722
=1.0249

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(12.719 / 6.703) / (10.55 / 4.334)
=1.897509 / 2.434241
=0.7795

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0.037 + 0) / 15.2) / ((14.47 + 0) / 21.462)
=0.002434 / 0.674215
=0.0036

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-6.016 - 0 - -0.937) / 15.2
=-0.334145

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Me Today has a M-score of -3.48 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -3.48 mean?
Me Today (NZSE:MEE) has a Beneish M-Score of -3.48 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Me Today and its competitors. According to the industry distribution chart, Me Today ranks #126 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 6.8%.
Is Me Today's Beneish M-Score too high?
Me Today's current Beneish M-Score is -3.48. Based on the distribution chart, Me Today ranks #126 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers.
How does Me Today's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Me Today ranks #126 out of 1849 companies for Beneish M-Score. This places Me Today in the top 7% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Me Today and its competitors. Me Today's current Beneish M-Score is -3.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Me Today stock overvalued right now?
Based on GuruFocus' analysis, Me Today (NZSE:MEE) is currently considered Fairly Valued. The stock's GF Value™ is NZ$0.05, compared to a current price of NZ$0.05 — trading 2% below its estimated fair value. The current Beneish M-Score is -3.48. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Me Today (NZSE:MEE), the current Beneish M-Score is -3.48 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Me Today Business Description

Address 25 Broadway, Level 1, Newmarket, Auckland, NZL, 1141
Me Today Ltd is engaged in providing general health supplements and skincare products. It produces, sells, and markets health and well-being products or acts as an agent on behalf of other health and well-being suppliers. The company also produces and distributes premium manuka honey. Some of the products offered by the company are sleep supplements, immunity supplements, multivitamin skincare, skincare serums, lozenges, and others. Its operating segments are the Me Today brand, King Honey, and Agency services. Maximum revenue is generated from its Me Today brand segment, which produces premium manuka honey. Geographically, the company generates maximum revenue from New Zealand and the rest from Europe and the United States of America.